As your business grows, whether it’s a one-person firm or a bustling small operation, you’ll be faced with increasing bookkeeping and tax preparation needs. Hiring a CPA firm is often the best choice for small businesses in this situation, for a variety of reasons. If you’

Payroll taxes can be confusing for businesses, especially businesses that find themselves growing much faster than they expected. It’s important to calculate withholding properly not least because the IRS views tax problems that throws another taxpayer’s return out of whac

It’s that time of the year again. Antacids are selling out, pencils are being sharpened, calculators are being poked… it’s time to do your taxes. But before you start doing the math, take a moment to refresh your knowledge of taxes with these income tax tips. If you’

Most people don’t enjoy paying taxes but still this is something that you have to get over with. It may not be fun, but it certainly is something that will make your state take better care of you. So, we have a few tax tips that can help you with the minimization of your tax payment.

How would you like to make a $500 contribution to an eligible Maryland nonprofit and save $450 in taxes? Believe it or not, there is a little known Community Investment Tax Credit (CITC) that can provide these kinds of tax savings. Continue reading below to find out how you can take a

When the United States government went into shutdown mode from October 1 through 17, the Internal Revenue Service (IRS) was largely non-operational, with only about 10% of the agency working during those 17 days. Normally, most of the work done by the IRS to be able to handle the proc

If you are faced with a tax controversy, your first reaction may be, “How can I make this go away as quickly as possible?” It’s only natural to feel intimidated when you’re in a tax controversy opposite the Internal Revenue Service, but while you need to act qu

Few pieces of mail elicit as much dread as a letter from the Internal Revenue Service. Many people are justifiably afraid of having to defend themselves against such a powerful organization, but the truth is, you’re not powerless against the IRS. The key to resolving a tax contr